Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has turned up again with the equity markets. Gold and silver are both in rally  mode.

Crude oil has moved up into the 60’s. Natural gas is looking higher also.

The US 30 year Treasuries are testing upside resistance.

The US Dollar futures are lower.

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S&P 500 Futures_

Monthly – Another new high for the week. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4386. A close below 3715 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3897 would confirm any daily move lower.

Daily – In the march move up from the 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. A close below 4099 would signal lower.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up this week on a surge of NVAX and ended the week 10% higher at approximately $130,000, up 30% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures

USD_

 

 

US 30YR T-BONDS_ USM21

Weekly – Remains in the Dec 2020 downtrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. Testing the résistance at 158-13. Trade pressures are up. Volumes are bullish.

The next target up is 158-27, the next upside resistance.

A close below the 25×5 MA at 156 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – The long term support line has held. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat. The short entry was stopped out at 61.88 for a loss. Trade pressures are up. Volumes are still bullish.

The next target up is 65.76.

A close below 62.02 would signal lower.

 

NAT GAS_ NGK21

Weekly – Remains in the Dec 20202 downtrend. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Daily – Flat. Has touched the new long entry at 2,67, but no close. Trade pressures are up. Volumes are bullish.

The next target up is the new long entry and then 2,89,

A close below 2.62 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK21

Weekly – Still in the June 2020 uptrend. Trade pressures are up but slowly declining. Volumes are bullish.

Daily – Flat. Still in the uptrend. Trade pressures are up. Volumes are bullish.

At the  4.15 upside target. The next target up is 4.28.

A close below 4.11 would signal lower.

 

GOLD_ GCM21

Weekly – Rising in the downtrend. Trade pressures are up into the neutral zone. Volumes are now bullish.

Daily – Flat. In the new uptrend. Trade pressures are up. Volumes are bullish.

The next target up is 1808.

A close below 1749 would signal lower.

 

SILVER_ SIK21

Weekly – Remains in the May 2020 uptrend. Trade pressures are now up. Volumes are still neutral.

Daily – Long. The new long entry tested the 200 Day and then moved up from there. Trade pressures are up. Volumes are bullish.

The next target up is 26.89.

A close below 25.42, the 200 day MA, would signal lower. Set stops at this level.

[4-23-21: Raise the stops to 25.55. The next target up is 26.81]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper has dropped out of the up channel. Gold has met resistance. Silver is in a new long trade.

Crude oil is looking lower. Natural gas is trying to move up inside the persistent move down.

The us treasuries are near resistance. look foe lower.

The US Dollar futures are moving down toward the lower median line at 91.50.

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S&P 500 Futures_

Monthly – New highs again. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4366. A close below 3653 would confirm any weekly move lower.

Weekly – In the move up from the October 3550 long entry. Moved up and thru the 4094 target. Trade pressures are up. Volumes are now neutral. The next target up is 4368. A close below 3835 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4200. Any close below 4037 would signal lower.

_____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up and down this week and ended the week slightly higher at approximately $120,000, up 20% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXM21

Weekly – The weekly rallied to resistance and stopped. Trade pressures are up but declining. Volumes are now neutral.

Daily – In the new move down from the 92.98 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 91.54.

A close above 92.33 would signal higher.

 

US 30YR T-BONDS_ USM21

Weekly – In the December 2020 downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. In the move up off the 153-21 lows. Trade pressures are up but declining. Volumes are bullish.

The next target up is 158-10.

A close below 155-22 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – Still in the Dec 2020 uptrend. Trade pressures are down into the neutral zone. Volumes are now bearish.

Daily – Short. Both the weekly and the daily pressures are pointing down. Trade pressures are down but rising. Volumes are bearish.

The short entry is at 59.73. the next target down is 55.62.

A close above the 25×5 MA at 61.88 would signal higher. Use that as a stop.

 

NAT GAS_ NGK21

Weekly – In the December 2020 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The daily has had a move down to the 2.45 downside target and is now consolidating. Trade pressures are rising into the neutral zone. Volumes are bullish.

The next target down is 2.28.

The next target up is the new long entry at 2.67.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK21

Weekly – In the June 2020 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In the move up from 4.02, but has dropped out of the short term uptrend. Trade pressures are down Volumes remain bullish.

The next target up is 4.15.

A close below 3.94, a prior low, would signal lower.

 

GOLD_ GCM21

Weekly – In the February down trend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. The counter trend long trade ran to resistance and stopped. Trade pressures are up but now declining. Volumes remain bullish.

The next target up is a break of the 1768 resistance.

A close below the 25×5 at 1726 would signal lower.

 

SILVER_ SIK21

Weekly – In a slow retracement inside the uptrend since early February. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. The Close above 25.31 has triggered a retracement trade inside the downs trend. Trade pressures are up but declining.  Volumes are bullish.

Looking for a break above the 25.84 to confirm the move but a buy with tight stops on any pullback could be an anticipation entry.

A close below 24.35 would signal a failure. Use that as a stop.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is pulling back in a equity market that is rising. Gold is in a new long . Silver is still drifting.

Crude Oil has bounced off the lower median line, but is still in the downtrend. Natural gas is testing resistance.

The US 30 year Treasury is rising with inflation concerns.

The US Dollar futures are up as the dollar inflows continue but pulling back a bit.

_____________________

S&P 500 Futures_

Month – New highs. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is 4366. A close below 3569 would confirm any weekly move lower.

Weekly – In the November 2020 move up from 3550. Trade pressures are up and trending but at lower indicator highs. Volumes are bullish. The next target up is 4094. A close below 3772 would confirm any daily move lower.

Daily – In the new up trend and above the 4013 upside target. Trade pressures are up and extended. Volumes are bullish.  The next target up is 4069.50. A close below 3954 would signal lower.

_____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks rebounded this week and ended the week at approximately $119,000, up 19% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later and now up again and, somehow, still outperforming the S&P averages.

 

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXM21

Weekly – Now in a new weekly uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the Feb 2021 uptrend and above the 200 day MA. Trade pressures are up but declining. Volumes are now neutral.

Dollar inflows continue. The next target up is 93.80.

A possible correction in the  weekly uptrend. The target down is 92.27.

 

US 30YR T-BONDS_ USM21

Weekly – In the Dec 20202 uptrend. Trade pressure are down but rising. Volumes are bearish.

Daily – Flat. Basing off the downside target of 153.21. Volumes are bullish.

The next target 156-37.

Resistance at 158-13. A close below the 153-21 low would signal a resumption of the downtrend.